Crude Oil Directions

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Crude Oil is heading into a tight range marked by the green area. At a glance, I can see that there is a possibility that the the crude oil would be forming a head and shoulders. If that holds through, the price not only needs to reject the 50.78 WAWS but also to break out of the channel. The longer price stays in the green zone, the bigger the move would be going forward. This is a usual price action behavior. If the 50.78 WAWS fails to hold the crude, there is one higher WAWS at 54.04. Either way, the crude has lots of climbing to do.